The company first announced it had entered into an agreement to buy Visionworks in June. In a statement released today, VSP says it believes the acquisition is in fitting with its mission of providing more access to affordable, high-quality eye care and eyewear.
“With the close of this acquisition, we can provide more value to our clients and members and respond to their expectations for a substantial, consistent, and sustainable retail eye care experience, underscored by the professional care of VSP network doctors,” says Michael Guyette, president and CEO of VSP Global. “The addition of Visionworks marks a major milestone in VSP Global’s 65-year history, supporting our mission of helping people see and keeping us well-positioned to better compete and grow membership in a changing marketplace.”
Pete Bridgman, president of Visionworks, will report to Guyette effective immediately. Visionworks will continue to operate independently while VSP Global assesses business integration opportunities in the months ahead.
With more than 700 stores in nearly 40 states, the acquisition marks the largest network investment by VSP Global.
For more details, read EB’s previous reporting on this acquisition here.